340 N Boone StOlneyIL62450
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Olney at 340 N Boone St, Olney, IL, 62450 offers a 9.19% rental yield on a $135,000 purchase with $1,034/mo rent. Total monthly income registers $1,034/mo, and a $661/mo payment leaves $97/mo available for distribution. Annual cash flow reaches $1,168/yr on $44,753 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 117.9% and total cumulative return in cash at $52,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,034/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62450, Olney, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,685 (100%) |
| Owner Occupied HU | 3,543 (62.3%) |
| Renter Occupied HU | 1,489 (26.2%) |
| Vacant Housing Units | 653 (11.5%) |
| Median Home Value | $140,262 |
| Average Home Value | $187,316 |
Housing Distribution
Address Breakdown
Residential
5,301
Single Family
5,087
Multi-Family
214
Businesses
558
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